Michael McKee

If you see it relatively strong, that's a signal the other way.

Logan went to Richmond to announce her idea of changing the operational rate for the Fed.

What do you think of that?

Well, I appreciate Lori making the trip.

Oh, I don't know.

The Supreme Court, if it allows the president to fire Lisa Cook, what does that mean for the Fed?

Well, let's leave it with this.

What is the best monetary policy right now?

Continued rate cuts or do you not know at this point?

Tom Barkin, thank you very much for coming up to Washington and joining us this morning here on Bloomberg.

Sentiment drops to 58.2 from 58.6 in the preliminary number.

Current conditions 61.7 from 60.9, a little bit better.

Expectations 55.9 from 57.2.

That's where we see a potential problem developing for perhaps the economy as consumers start to consider what's going to happen down the road.

The questions will really be on autos and steel and perhaps on energy because those cross the border a lot from Canada and the United States and they have been tariffed by the administration even before he put on the other tariffs.